Identity theft has exploded into a serious national problem. Not only do businesses suffer direct losses due to this crime, but inadequate security and poor business practices may open a company up to liability suits, fines and loss of clientele. A company obviously must take adequate steps to protect the confidential information of its customers. But exactly where and how does ID theft become a concern for HR personnel?
While no one can totally prevent identity theft due to the human element of this crime, there are steps that a company can take to minimize risk factors for all of us. Safe information handling practices are the key to keeping identifying information out of the hands of thieves.
Congress and many state legislatures have passed legislation aimed at protecting confidential information in the workplace, and additional legislative protections are being proposed all the time. Federal laws regarding protection of customers’ and employees’ confidential information include the Fair and Accurate Credit Transactions Act (FACT Act) and the Fair Credit Reporting Act (FCRA). Join us to determine the level of risk to which your company may be vulnerable.